Sabah govt enters joint venture in downstream coconut business

  • 📰 staronline
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

KOTA KINABALU: The Sabah government is set to hold a 30% stake in the RM400mil high-yield coconut plantation and coconut-based manufacturing facility project developed by Linaco Resources Sdn Bhd in Sabah's north-eastern Beluran district.

Chief Minister Datuk Seri Hajiji Noor said that the state government provided 2,000ha of land for the high-impact project and they expected the project to return up to RM1.2bil annually to Sabah’s economy.

Hajiji said the project was taking off following a memorandum of understanding inked between the state government and Linaco Resources to develop Sabah's coconut-based industry in March last year. "This RM400mil project will definitely create a big impact. With an expected RM1.5bil annual income, surely the economic spillovers will transform Paitan and create employment opportunities to Paitan and nearby communities," he said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 4. in PT

Portugal Últimas Notícias, Portugal Manchetes